PKN Orlen SA

11/30/2018 | Press release | Distributed by Public on 11/30/2018 14:27

PKN ORLEN submitted to the European Commission a draft notification for concentration regarding the planned taking capital control over Grupa Lotos S.A. by PKN ORLEN S.A.

PKN ORLEN S.A. ('Company') hereby informs that on 30 November 2018 it submitted to the European Commission a draft notification for concentration ('Notification'), together with the draft outline of remedies areas, regarding the planned taking capital control over Grupa Lotos S.A. headquartered in Gdansk ('Grupa Lotos') by PKN ORLEN S.A. ('Transaction').

Notification, submitted today by the Company, initiates the process of the arrangement of its final version with the European Commission. After submitting the final notification by the Company, the European Commission will formally start the concentration investigation.

Notification includes, apart from the description of the parties and Transaction assumptions, description of parties activity on the certain markets and presents preliminary arguments on the influence of the Transaction on the competitiveness on that markets. There has been enclosed a set of internal documents of both companies, that should allow the European Commission to verify the accuracy of the attached arguments.

See also: regulatory announcement no 26/2018 dated 27 February 2018.


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